Thai auto groups seek 32% tax on imported EVs to protect local industry
TUESDAY, MAY 12, 2026
A coalition of 10 automotive associations wants Thailand to raise excise tax on fully imported EVs to at least 32%, warning that cheaper Chinese imports could damage local production and auto-parts suppliers.
Revenue agencies risk missing targets in FY2026 second half amid Middle East crisis
TUESDAY, APRIL 14, 2026
Thailand’s Finance Ministry warns revenue collection in the second half of fiscal 2026 faces mounting risks from the Middle East conflict and energy crisis, making fuel tax cuts harder to justify.
Anutin: oil prices may rise again; Finance Ministry warns excise cuts could cost 14bn baht a month
SATURDAY, MARCH 28, 2026
Prime Minister Anutin Charnvirakul says oil prices could climb again as Middle East tensions persist and the Strait of Hormuz remains closed, while Thailand focuses on securing domestic supply. The Finance Ministry’s modelling shows cutting excise by 5 baht per litre could cost the state about 14bn baht a month, reviving concerns seen in 2022 when tax cuts reduced annual revenue by over 150bn baht.
Finance proposes excise tax restructuring to boost revenue by 7.6%, targeting 578 billion baht
WEDNESDAY, FEBRUARY 18, 2026
Finance Ministry plans excise tax reforms to increase revenue by 7.6% in FY2026, focusing on products such as tobacco, alcohol, and environmentally harmful goods